Explain to me how being paid on the 15th and 30th is the same amount of pay as biweekly?

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My new job pays on the 15th and 30th of every month. IF those days fall on a weekend we get paid on the friday before. My math is terrible but this feels like I come out with LESS paychecks per year?

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Anonymous 0 Comments

If they pay you for all hours you have worked since the previous paycheck, it doesn’t matter how often they pay you per month. You will be paid for the same number of hours. I am paid once a month. If they paid me twice a month, I would still be paid for the hours I worked, but in two chunks per month instead of one.

(Of course, if your money spends more time collecting interest in their bank account and less time collecting interest in your bank account, you are making a little less interest, but it isn’t going to amount to anything unless you make a lot more money than I suspect you make.)

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